SolarCity Next Bond Offering May Reach $200 Million: CFO
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SolarCity Corp., the first U.S. company to offer bonds backed by rooftop solar panels, plans to sell as much as $200 million of additional notes as soon as the second quarter, its chief financial officer said.
The company expects subsequent bond offerings as often as every quarter, Chief Financial Officer Bob Kelly said today in a telephone interview. SolarCity, based in San Mateo, California, sold $54.4 million in bonds Nov. 13 in a transaction that closed today.